The Cost of a Wedding
Posted by Canby Financial Advisors on Fri, 06/09/2017 - 11:49
INFOGRAPHIC: 4 Things to do in the 4 Years Before College
Posted by Canby Financial Advisors on Fri, 06/09/2017 - 11:47
College is a huge financial undertaking. With costs increasing every year and the prospect of too much student debt at the forefront of many families' minds, it's more important than ever to be an educated college consumer. Go into the planning process wisely with these four steps.
Cartoon: Father and Daughter Bonding Experience
Posted by Canby Financial Advisors on Fri, 06/09/2017 - 11:45
Public Service Student Loan Forgiveness: What You Should Know
Posted by Joelle D. Spear, CFP® on Mon, 05/08/2017 - 12:09
The Public Service Loan Forgiveness Program (PSLFP) began in 2007 with a simple idea: forgive the student loans of borrowers employed in crucial but often low-paying government or nonprofit positions after they make timely payments for 10 years. Guidance from the U.S. Department of Education lists a broad range of jobs that are eligible for loan forgiveness: law enforcement, emergency management, military service, early childhood education, public librarians, health care providers for disabled or incapacitated individuals, and legal aid attorneys.
Tax benefits of home ownership
Posted by Canby Financial Advisors on Mon, 05/08/2017 - 12:08
Buying a home can be a major expenditure. Fortunately, federal tax benefits are available to make homeownership more affordable and less expensive. There may also be tax benefits under state law.
Mortgage interest deduction
Is it wise to trade your pension for a lump sum?
Posted by Canby Financial Advisors on Mon, 05/08/2017 - 12:07
Most private employers have already replaced traditional pensions, which promise lifetime income payments in retirement, with defined contribution plans such as 401(k)s. But 15% of private-sector workers and 75% of state and local government workers still participate in traditional pensions.1 Altogether, 35% of workers say they (and/or their spouse) have pension benefits with a current or former employer.2
Are you ready to retire?
Posted by Canby Financial Advisors on Mon, 05/08/2017 - 12:06
Here are some questions to ask yourself when deciding whether or not you are ready to retire.
Is your nest egg adequate?
It may be obvious, but the earlier you retire, the less time you'll have to save, and the more years you'll be living off your retirement savings. The average American can expect to live past age 78.* With future medical advances likely, it's not unreasonable to assume that life expectancy will continue to increase. Is your nest egg large enough to fund 20 or more years of retirement?
5 Ways to Spot a Phishing E-Mail
Posted by Michael D. Flaherty, CFP® on Wed, 04/05/2017 - 12:33
Did you know that phishing (i.e., scam) e-mails account for about 91 percent of all cyberattacks? In other words, nearly every cybersecurity issue you could think of—from viruses, to ransomware, to full-blown data breaches—starts with users accidentally clicking malicious links in e-mails.
What are bond ratings?
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:31
Bond ratings are an essential tool when considering fixed-income investments. Ratings provide a professional assessment of credit risk, or the risk of default, which can be measured to some degree by analyzing the bond issuer's financial condition and creditworthiness.
Converting Retirement Savings to Retirement Income
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:29
You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to take a few steps first.
Evaluate your needs